Titan T. Rowe Price Joins Crypto ETF ‘Land Rush’ With Fund Tracking Top Digital Assets
T. Rowe Price, a fund management titan with almost $1.8 trillion in assets under management, has filed to launch a crypto ETF (exchange-traded fund) to invest in a basket of leading cryptos. According to the filing with the US Securities and Exchange Commission (SEC), the T. Rowe Price Active Crypto ETF will be an actively-managed product that will invest in a “diversified basket of commodity crypto assets” with the aim of outperforming the FTSE Crypto US Listed Index. ”Can’t overstate significance of T. Rowe Price filing for an actively managed crypto ETF out of left field,” said Nate Geraci, president of NovaDius Wealth President. ” T. Rowe is the quintessential legacy asset manager, founded in 1937.” Can’t overstate significance of T. Rowe Price filing for an actively managed crypto ETF out of left field… T. Rowe is the quintessential legacy asset manager, founded in 1937. They manage some $1.8tril in assets, but just got ...